[2016-05-12] Why the Winklevoss Bitcoin ETF Is Sitting in Limbo

[LiteCoinGuy]

Why the Winklevoss Bitcoin ETF Is Sitting in Limbo

Investors are getting tired of waiting for the Winklevoss Bitcoin ETF (Nasdaq: COIN).

The initial U.S. Securities and Exchange Commission (SEC) S-1 filing for the Winklevoss Bitcoin Trust (the fund's official name) was made in July 2013, nearly three years ago.

http://moneymorning.com/2016/05/12/why-the-winklevoss-bitcoin-etf-is-sitting-in-limbo/

[richardsNY]

I wonder if there is enough real interest from professional traders to put their money in something like that. Their first attempt was to attract institutional investors with their Gemini exchange that they said to be "The Nasdaq of Bitcoin". But so far we can say Gemini exchange has not succeeded. Winklevoss twins are good in talking but they don't put their words to action.

[gentlemand]

They're taking the most legit, ergo sluggish, route. GBTC is more of a regulatory hack.

As the article itself points out, it's how to classify BTC itself that's likely to give the SEC achy balls. It took them many years to get the first gold ETF's rolling and everyone knows where they stand with that.